ALL telling us that GENTING MALAYSIA has "SAVED NYRA" with their winning bid to operate a "VLT RACINO" at Aqueduct Race Track in New York City.

UNFORTUNATELY for us Spa Locals... and our horsemen expecting $11 million in 2011... and fans of the Race Course expecting improvements worth $77 million over five years...but ALL LOCAL revenue will be a PERCENTAGE of Genting's projected GROSS revenue. And Genting is expecting $650 MILLION in gross annual gaming revenue.

THE PROBLEMS appear everywhere in the GENTING PROPOSAL...in THEIR words.

GENTING's belief is that Albany will re-write the gaming laws, allowing GENTING to open a full-service tables-and-craps CASINO with no Tribal ownership. Their belief is that the horsetrack can be paved over. The crime is that New York's officials never informed GENTING of the TRUE realities of The Empire State.

They've started their campaign for a FULL-ON CASINO, as reported by James Odato of the Times-Union... but GENTING's dreams fall a few chips short of NYS reality. (story)When realitiy hits, GENTING will need SOMETHING to serve as their MAIN ATTRACTION. And so it has come to pass that talk of a CONVENTION CENTER is going around. GENTING has deep pockets, so deep that "The Big A" will be a horseless buggy, all CONVENTION and in the end, all CASINO. But there is ZERO CHANCE for a return on their investment as a chintzy little RACINO.

NYRA- How Safe a Bet?

Who ARE these guys?

I've been a journalist since Watergate and an American by the grace of God. The only thing that disappoints me more than America's political decline is the absolute collapse of reliably solid investigative journalism. Nothing short and senseless here. No Britney or Lohan. NOR will you find any ridiculous ravings of a conspiracy quack. What I DO HAVE are sources and the time to read newsites from other countries. I don't text and I don't use emoticons. Words are far too precious. Serious analysis is all too rare.